Lombard, IL

Above Avg · 119

Illinois · Population 43,722 · Updated March 2026

$1,834
Median Rent / Month
$97,253
Median Income
$321,200
Median Home Value
$1,781
Owner Costs / Month

Affordability

How far your income goes in Lombard

22.6%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Illinois

State-level tax rates that affect your costs

4.95%
Income Tax (Top Rate)
6.25%
Sales Tax
2.07%
Property Tax Rate

Estimated Annual Costs

$22,008
Annual Rent
$4,814
State Income Tax
$6,649
Property Tax (est.)

Cost of Living Overview

Lombard is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 119 (where 100 equals the national median), Lombard residents can expect to pay median rent of $1,834/month while earning a median household income of $97,253/year.

The median home value in Lombard, IL is $321,200, with typical monthly owner costs around $1,781 including mortgage, insurance, and taxes. The median rent-to-income ratio of 22.6% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Illinois has a moderate income tax rate of 4.95%. Combined with a 6.25% sales tax rate and 2.07% effective property tax rate, the overall tax environment is a factor in the total cost of living in Lombard.

Frequently Asked Questions

Common questions about living costs in Lombard

What is the cost of living in Lombard, IL?
The cost of living index in Lombard, IL is 119 (US average = 100). Median monthly rent is $1,834, median household income is $97,253/year, and the median home value is $321,200.
Is Lombard, IL affordable?
No, Lombard is more expensive than the national average with a cost index of 119. The rent-to-income ratio is 22.6%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Lombard, IL?
The median gross rent in Lombard, IL is $1,834 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $22,008.
What is the median household income in Lombard?
The median household income in Lombard, IL is $97,253 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Illinois?
Illinois has a top income tax rate of 4.95%, a sales tax of 6.25%, and an effective property tax rate of 2.07%.